Bitcoin Bull-Bear Cycle Indicator Turns Green for First Time Since 2023, Signaling Possible Early Bull Market

CryptoQuant’s Bitcoin bull-bear cycle indicator is used to identify whether the market is in a bull or bear phase, with green typically signaling a structural shift toward recovery. The indicator last turned green in March 2023. Its latest move is therefore seen as an important sign of a possible market regime shift after nearly three years, but it does not confirm that prices have entered a full-fledged bull market.

The indicator recently turned green for the first time since March 2023. Analysts identified $82,000 as a key resistance level that Bitcoin must break and hold, while continued market liquidity will also need to be confirmed. BitMEX co-founder Arthur Hayes said the rally could broaden further if Bitcoin breaks above $90,000.